Michael Saylor’s Strategy Boosts Bitcoin Buying With New Model as Analyst Warns of $10,000 Price Fall
Strategy is accelerating Bitcoin purchases using a new preferred stock financing model despite warnings of a potential $10,000 price drop.Summary
Michael Saylor's company, Strategy, has significantly increased its Bitcoin accumulation, purchasing 17,994 BTC for $1.28 billion at an average price of $70,946 per coin. This buying spree is partially fueled by proceeds from their new Variable Rate Series A Perpetual Stretch Preferred Stock (STRC), which raised about $377.1 million used to buy 5,313 Bitcoin. This capital structure allows Strategy to fund large crypto purchases without relying solely on traditional equity markets. This aggressive accumulation occurs while Bloomberg Intelligence strategist Mike McGlone reiterates his bearish stance, warning that Bitcoin could fall toward $10,000 if global risk assets undergo a sharp repricing, noting Bitcoin's increasing correlation with U.S. stocks like the S&P 500. Conversely, other analysts suggest Bitcoin will consolidate between $60,000 and $70,000 in the near term, with some seeing potential rallies toward $75,304 if sentiment improves.
(Source：CCN)